PROJECT

Projects

Summary of Investment Information

Project Number

44455

Company Name

SEEDSTARS INTERNATIONAL LLC

Date SPI Disclosed

Apr 11, 2022

Country

World Region

Region

Global

Projected Board Date

Mar 21, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 24, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017
Signed : Jun 24, 2022
Invested : Jul 22, 2022

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

 The proposed project is an investment of up to $4.5 million in Seedstars International Ventures II (“The Fund or “Seedstars”), a global emerging market focused accelerator and seed stage fund. The Fund will be supported by the Blended Finance Facility (BFF) of the IDA19 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.

Associated Advisory Engagement

 There is no direct advisory project linked to the Fund.  IFC has however completed an advisory engagement with the Seedstars Group, through the Seedstars World’s start up pitch competitions.  The Advisory project piloted various initiatives that sought to improve gender representation in programs across Africa.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation